Guideline Value for Pasumpon Nagar Last cross Street

Pasumpon Nagar Last cross Street guideline value

The current guideline value of Pasumpon Nagar Last cross Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Residential Class II Type - II.

How the guideline value of Pasumpon Nagar Last cross Street has changed

The guideline value for Pasumpon Nagar Last cross Street has seen significant changes over the years. Starting from the 2002 revision, the value was Rs 219 per sq.ft. This increased to Rs 248 per sq.ft in 2003, marking a 13% rise. The value continued to grow, reaching Rs 360 per sq.ft in 2007, which was a 45% increase from the previous revision. By 2017, the guideline value had jumped to Rs 1,206 per sq.ft, reflecting a substantial 235% increase from 2007. The 2023 revision set the value at Rs 1,800 per sq.ft, a 49% increase from 2017.

The latest revision in 2024 has set the guideline value at Rs 1,980 per sq.ft, which is a 10% increase from 2023. It is important to note that there is no figure available for the 2012 revision for this street.

Guideline values in Pammal

In Pammal village, there are 926 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,300 per sq.ft. The median value for these streets is Rs 2,090 per sq.ft, placing the guideline value of Pasumpon Nagar Last cross Street below this median.

• Pasumpon Nagar Extn.,: Rs 1,980 per sq.ft (2024)
• Pasumpon Nagar, Cross Street: Rs 1,980 per sq.ft (2024)
• Pasumpon Nagar, 6th Cross Street,: Rs 1,980 per sq.ft (2024)
• Pasumpon Nagar, 3rd Street: Rs 1,980 per sq.ft (2024)
• Pasumpon Nagar, 2nd Street: Rs 1,980 per sq.ft (2024)
• Pasumpon Nagar, 1st Street,: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Pasumpon Nagar Last cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total fees together to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pasumpon Nagar Last cross Street?

The Sub Registrar Office that covers Pasumpon Nagar Last cross Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Pammal

The guideline value is a crucial factor when registering property transactions in Pammal. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duties and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of the property. This value is used to calculate the stamp duty and registration fees, which are necessary for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Pasumpon Nagar Last cross Street?

The current guideline value of Pasumpon Nagar Last cross Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 219 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, marking an overall increase of 804% over the years.

What is the median guideline value for streets in Pammal?

The median guideline value for streets in Pammal is Rs 2,090 per sq.ft, which indicates that Pasumpon Nagar Last cross Street's value is below this median.

What are the stamp duty and registration fees for property in Pasumpon Nagar Last cross Street?

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600, and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Where is the Sub Registrar Office for Pasumpon Nagar Last cross Street located?

The Sub Registrar Office for Pasumpon Nagar Last cross Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.